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Skanska AB ( ($SE:SKA.B) ) has provided an update.
Skanska has secured a GBP 273 million (about SEK 3.4 billion) contract from the Broadgate joint venture, owned by British Land and GIC, to overhaul the One Appold Street office building in the City of London. The deal, booked in the first quarter of 2026, reinforces Skanska’s position in major European commercial projects and underlines its focus on complex, large-scale urban redevelopment.
Originally completed in 1986, One Appold Street will be transformed into a 14-storey, state-of-the-art, sustainable commercial hub with about 33,500 square meters of high-quality office space. The refurbishment, which includes a new facade, expanded floorplates, six additional floors and 4,500 square meters of amenities such as gym and restaurant space plus a roof terrace, is scheduled to start in early 2026 and complete in 2029, extending Skanska’s long-term workload in London’s premium office market.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK309.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
More about Skanska AB
Skanska is one of the world’s largest construction and project development companies, generating SEK 177 billion in revenue in 2024 and operating across selected markets in the Nordics, wider Europe and the United States. The group focuses on delivering innovative, sustainable buildings and infrastructure, leveraging the expertise of about 26,300 employees to shape modern workplaces and urban environments.
Average Trading Volume: 779,400
Technical Sentiment Signal: Buy
Current Market Cap: SEK112B
Find detailed analytics on SKA.B stock on TipRanks’ Stock Analysis page.